Financing

Our funding structure comprised the following elements for the 30th of June in 2017:

Corporate bond issued by Dürr AG for € 300 million

Bonded loan issued by Dürr AG for € 300 million

Syndicated loan held by Dürr AG for € 465 million

Real estate loan for the purchase of the Dürr Campus in Bietigheim-Bissingen (2011) with a carrying amount of € 34.3 million

Bilateral credit facilities of a smaller volume and liabilities from finance leases.

In addition to money and capital market instruments, we are also able to utilize off-balance-sheet financing instruments such as factoring programs and operating leases. The volume of substantial off-balance-sheet financing instruments and obligations amounted to € 109.9 million (June 30, 2017).

The syndicated loan facility is not likely to be drawn in 2017.

Financial liabilities

€ million

6/30/2017

2016

2015

2014

2013

2012

2011

2010

Bond and bonded loan

596.9

596.6

296.9

296.4

225.2

225.4

225.5

225.6

Liabilities to banks

34.4

35.5

43.2

118.4

41.9

56.5

57.2

2.0

Other financial liabilities

12.8

13.9

0.0

0.0

0.0

0.0

0.0

0.1

Liabilities under finance leases

6.1

8.5

10.8

11.7

4.0

4.2

3.5

3.6

Total

650.1

654.5

350.9

426.5

271.1

286.1

286.2

232.3

of which due within one year

36.5

5.3

6.8

17.1

2.5

14.8

13.3

1.8

Maturity Structure of Financial Liabilities (as of 06/30/2017)

€ million

Dürr credit and guarantee lines

€ million

6/30/2017

12/31/2016

12/31/2015

12/31/2014

Combined value

1,009.9

1,026.5

1,034.9

1,111.2

Drawdown

293.4

345.0

359.9

495.7

Ratings

There are no current corporate or bond ratings to assess our credit status. Dürr regularly publishes comprehensive key figures and a detailed outlook, thus ensuring a high level of visibility. The added value created by additional ratings is considered low, also given the costs involved.